Seriously.....
- Thread starter QLDSILVER
- Start date
TreasureHunter said:Thatguy: I think we're at the "Euphoria" moment. We're very high already.
I don't see why we are still buying while so high... yeah, I know about fiat money, but we should wait until the "valley" comes
There may have been some euphoria when silver was closing in on $50. If anything we are climbing a wall of worry at the moment trying to break and hold above $34.50.
What's your price target for this valley you speak of? Have you got one or are you just discouraging purchases on some other principle?
And when you say "we", just what the hell do you mean?
Silver sentiment has certainly picked up from the lowest of the lows back the middle of this year. $26-27.
However at the moment we are not at any euphoric levels. We havent even seen the mainstream media, non silver forums, crazy youtube videos yet like we did last year.
Once we hit $40 I expect the next level of buzz to occur.
However at the moment we are not at any euphoric levels. We havent even seen the mainstream media, non silver forums, crazy youtube videos yet like we did last year.
Once we hit $40 I expect the next level of buzz to occur.
Pirocco
Well-Known Member
You say here you don't know, but your previous post derived a conclusion ("If the comex can't make good on a delivery, IMO the whole paper silver market will crash an there will be a rush for physical silver.") based on such eventual difference.SilverSurfer77 said:
And about your 'price disconnection', why on earth would dealers pay you more when you sell silver back to them, when they can get the silver cheaper along the supply chain along the Comex?
And as I said, you're free to purchase more silver "tickets" whenever you have spare fiat, but then don't complain about manipulation after a next big dump and its corresponding price 'hammering'.
Look at this again:
04/12/2012 58514 $33.04
Producer/Merchant/Processor/User Long 10595 Short 59903
Swap Dealer Long 15794 Short 25000
Large Traders Long 39361 Short 2969
Other Reportables Long 10843 Short 5963
Small Traders Long 29037 Short 11795
27/11/2012 56792 $33.89
Producer/Merchant/Processor/User Long 11644 Short 62803
Swap Dealer Long 16308 Short 21941
Large Traders Long 39784 Short 3299
Other Reportables Long 11300 Short 9052
Small Traders Long 30361 Short 12302
Notice how the Comex #contracts increased and notice how the price dropped.
That means that without the Comex paperplayers, the price would have dropped more.
That also means that others SOLD.
And I can see confirmation of that: alot silver for sale on auction sites.
And this is the dominant scenario of recent months.
Longterm holders / physical buyers are 'getting out'.
There are now two scenarios:
1) Either they left for good.
2) Either they sold to be able to buy back more silver after the Comex Club performs its next big dump.
In case 1) it will be hello early $20's silver.
In case 2) we may hold the same bottom price we held before ($26).
My strategy is buy and hold, I don't play those buy/sell/buy back in games. Competing with the Comex Club isn't wise.
They are core silver market/supply entities, they are part of the central planning clubs.
They know the market(s) situations way better than most of us including me. So that they so far did NOT dump, could be seen as a signal that they think people will buy more silver in the future. In the end, that's what they did throughout 2009-2010. They took, and held, a 50000 position. http://finviz.com/futures_charts.ashx?t=SI&p=w1
But that's the period where Exchange Traded Funds came into existence and/or loaded up their big stocks. I have a hard time to find such demand today.
Maybe the Comex Club thinks a strong general inflation 'wave' is coming, luring heaps of newbies to silver? I don't know. I just sit on the lookout, observing various silver stocks, auction sites, futures market data. But generally, looking at what they do, is looking at the market itself. At people that ALSO try to foresee what is next, just like me. Since the price is a result of this, why would they be wrong? They MAKE the price.
Pirocco said:
Look here buddy, at the end of the day what I am saying is that I believe that there is no way that the comex has the pyshical to back up all the paper contracts that they have sold and some day in the near future will get caught with their pants down. I believe the markets are manipulated and the price of silver and gold are supressed to make fiat currency to look more valuable than it is. If another smack down does happen I really don't think I will be complaining I will just be buying more. I was not stacking when silver got smashed in 2008 but from what I have heard from people who were in the game, that even though spot was around $8 you had to pay around $18-20 if you wanted physical, so by any means don't expect to buy silver for a dollar or two over spot if the price does get hammered down to early $20's, buy the dips and get it in your hand while you can. In the end game all that is going to matter is how many ounces you have, and you probably won't care how much you paid for them. That's my stratagy anyway but everyone's different, sorry if I offended you, that was not my intention. 
Pirocco
Well-Known Member
1) Rolleyes and lookherebuddies don't educate me.SilverSurfer77 said:
2) Why ignoring the data I showed?
3) Even IF your 'belief' of not enough silver was true (and I don't see direct / indirect data supporting your 'belief'), how would it matter?
Most futures contract holder don't ask for physical delivery. What was the % again that asks for physical delivery? A couple % ?
People that take a futures position aren't after the silver. At least not at that price. They are after others dollars.
4) I never had problems finding silver when the price is dumped down. Of course not. A lower price means sales are exceeding purchases and the times I was unable to find a private sale at that price, I ordered from dealers. I bought a dozen kilo junk over the summer, from some dozens people, and some kilocoins from various dealers. At least in my world region, premiums on common / recent bullion never changes with the spot price.
5) Of course the amount ounces matters, 'end game' or no 'end game'. That's why I wait and concentrate my purchases everytime the pump&dumpsters Club went through its Dump phase. Buying AFTER they bought and thus drove up the price, means LESS ounces.
Those that don't care how much they pay for the ounces, usually end up in paying someone elses free ounces. Just read around on forums. You see some proudly announce DCA's of $1-2. No, they didn't buy 40 years ago. They bought silver, told others that the price doesnt matter and dumped their silver. Hello?
Nice mate, I hope it works out for you
Pirocco
Well-Known Member
What I say (or 'lecture' in your terms), is simply what I learnt. I also didn't receive it as an all-in-one package. It starts with X. Then Y is added. And so on. Why would this process stop so that further education is unneeded anymore? Those that claim that they know all, are usually just liars that attempt to mislead. I'm here for both. Are you here for one?wrcmad said:
Kawa said:
of course they do
wrcmad said:Pirocco said:
I think cone volume makes things less or more true.
Not necessarily, THC content, leaf or bud or the ratio of bud to leaf or vis versa, pipe or bong, all these things can contribute to the lessyness or truiness of a collapsed triangles perceptions. :|
Ive always been a bucket boi myself but what ever blows you hair back 
southerncross said:wrcmad said:Pirocco said:
I think cone volume makes things less or more true.
Not necessarily, THC content, leaf or bud or the ratio of bud to leaf or vis versa, pipe or bong, all these things can contribute to the lessyness or truiness of a collapsed triangles perceptions. :|
Ah ha, I see, ... but if lessyness or truiness of collapsed triangles perceptions is due to coniness, then would it also hold true for Comex shortiness, longiness and manipulationness? All I see is silveriness. :|